PIA MOVES ON

Pia d’Iribarne, formerly of Accel and Stride, is heading up a new European early-stage venture capital firm co-founded with French entrepreneur and investor Xavier Niel, TechCrunch has learned. Dubbed New Wave, its debut fund of $56 million was raised in just three months and has already begun making investments. It is said to be targeting seed and pre-seed startups across Europe, as well as European founders farther afield. SOURCE: techcrunch.com

ALITALIA TO TAKE OFF WITH NEW NAME

A revamped Alitalia will operate with less than half the number of planes and employees it had before its latest rescue when the Italian airline starts flying again in April, daily Il Sole 24 Ore reported on Thursday. Under its new, five-year business plan, the state-owned company, which will be renamed ITA (Italia Trasporto Aereo), will have 5,000 employees compared with 11,000 before the crisis, the newspaper said, without identifying its sources. SOURCE: Reuters

FRENCH STRIKERS CUT POWER SUPPLIES

Strikes by workers protesting against a French nuclear reform plan reduced nuclear power generation by about 7.7 gigawatts (GW) and output from hydropower stations by 1 GW by 1328 GMT Thursday. The stoppage was due to end at 15:00. The disruption represented around 12.9% of available production capacity as of Thursday afternoon, data from RTE and EDF showed. SOURCE: Reuters

US UNDERWRITER FORMS EU COMPANY

Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty lines, including professional indemnity and directors and officers, in the European Union and in the Middle East. SOURCE: insurancejournal.com

FILE PHOTO: Pia d’Iribarne